Portfolio Update - August 2022

The month of August 2022 is now behind us.

The inflation is taking its toll on the economy.  The price of food, gasoline, and utilities remain high.  Also, shrinkflation is happening.  Today, I noticing Campbell's Chunky soup have smaller cans now.  Cans use to be 540ml and now 515ml. 

In Canada different provinces are helping people out with inflation.  For instance, the Alberta government has removed the provincial gas tax for the second time on July 1 for another 3 months.  Also, the Alberta government is giving $50.00 per month rebates on electricity costs for 6 months. 

In western Canada, we have been in a heat wave for last 2 weeks of really high temperatures.   

A lot of families are struggling to get by due rise in inflation. 

The S&P 500 is down 18.19% year to date.    

Portfolio Activity

Margin Account Activity

On August 19th, I sold 2 Telus  Sept 09 2022 $30.50 covered calls at $0.35 for a net premium of $58.05 after commissions. 

TFSA Activity

There was no activity in this account in August 2022, besides depositing cash.  

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $16.00 for a total cost of $16.00 (TFSA)

1 share of EMA.TO @ $61.66611 for a total cost of $61.67 (TFSA)

1 unit of KMP.UN @ $17.92 for a total cost of $17.92 (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.10 per unit monthly, or $1.20 per unit annually.  This drip adds $1.20 CAD  to my annual dividend income.  The yield on cost for this DRIP is 7.50%.

Emera Inc. pays dividend of $0.6625 CAD per share quarterly, or $2.65 CAD per share annually.  This drip adds $2.65 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 4.30%.

Killam Properties REIT pays a distribution of $.058333 per unit monthly, or $0.70 per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.91%.

 

I have some other positions with the DRIP turned on, but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

On August 8, Boston Pizza Royalties Income Fund (BPF.UN) increased their monthly dividend from $0.085 CAD to $0.100 CAD.  This is an increase of 17.6%.  

At the time of the press release, I owned 267 units of BPF.UN.  This increase adds $48.06 CAD to my annual dividend income. 

Dividend Decreases

There were no dividend decreases announced in August 2022.  

Summary: 

As of Sept 4, 2022 , the total value of the portfolio is $178000.17. This is a 0.203% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7298.74 in dividend income over the next 12 months. This is an increase of $68.36  CAD , or 0.945%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Please Note: Positions in Enerplus Corporation (ERF.TO), Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

               
DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.